[CFA level 1模拟真题]Version 5 Questions－Q21 industry, economic, regulated, efficient, face

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Q21. In a regulated industry, the introduction of a marginal cost pricing rule that maximizes total surplus would most likely be viewed as:

A. efficient but leaves the natural monopoly incurring an economic loss.

B. efficient and allows the natural monopoly to realize an economic gain.

C. inefficient but leaves the natural monopoly incurring an economic loss.

D. inefficient and allows the natural monopoly to realize an economic gain

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答案详解如下：

Q21.    A    Study Session 4-19-c

A marginal cost pricing rule sets price equal 10 marginal cost. It is efficient but leaves the natural monopoly incurring an economic loss. Because, with an increase in output the average total cost falls, resulting in marginal cost being less than the average cost.

liquidn

??

fantasy_ln

11

technet

c

vivian1022

d

47dx

b

shenyue

d

ondesert

a

roger88

d